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Jimzin

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Jimzin

Re: None

Saturday, 12/16/2023 7:05:25 AM

Saturday, December 16, 2023 7:05:25 AM

Post# of 110982
Today, the Financial Accounting Standards Board (FASB) announced new rules that will require companies to account for cryptocurrencies like Bitcoin at fair value. The rules are set to go into effect on December 15, 2024, but companies will be able to apply them earlier than that.

https://bitcoinmagazine.com/markets/bitcoin-and-crypto-to-be-measured-at-fair-value-under-new-fasb-rules

Coincidence with LBHI December 2024 date? I don’t think so…

Cheers!
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